Risk Events Matrix definition

Risk Events Matrix means the matrix of events and remedies should such events occur set forth in Exhibit L to the Agreement. Rules has the meaning set forth in Recital C of the Agreement.
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Examples of Risk Events Matrix in a sentence

  • Where the Risk Events Matrix provides that Developer shall be compensated for unpaid Initial Scope of Work costs per Exhibit H, Developer shall be entitled to payment for completed milestones in accordance with Exhibit H.

  • The Risk Events Matrix identifies Risk Events that could affect the performance of the Work, the Project or any Facility prior to execution of Facility Agreements, including risks associated with TxDOT and Developer being unable to reach agreements that are prerequisites to proceeding with various stages of the Work.

  • In the event TxDOT elects to terminate the CDA under this Section 8.4.4, Developer shall be entitled to compensation to the extent described for this Risk Event (“Parties do not agree on MDP updates affecting material general terms of MDP”) in the Risk Events Matrix (Exhibit L) and in Section 19.6.

  • Except to the extent set forth in the Risk Events Matrix, Developer shall not be entitled to any compensation for costs incurred as a result of a Risk Event.

  • The Risk Events Matrix also summarizes the remedies available to the parties upon occurrence of a Risk Event.

  • Without limiting the foregoing, termination pursuant to Risk Events (other than termination for convenience) set forth in the Risk Events Matrix shall not entitle Developer to any of the compensation or other remedies under this Section 20, and instead other relevant provisions of the Contract Documents shall control.

  • In the event of an actual conflict between the provisions of the Risk Events Matrix and the Agreement, the Agreement shall take precedence.

  • This Agreement includes provisions elaborating upon the Risk Events and the remedies set forth in the Risk Events Matrix.

  • If a Risk Event occurs and the Risk Events Matrix provides that the Parties shall negotiate required changes to the terms of the Facility Implementation Plan, the parties shall negotiate in good faith for a period of 45 days, as such time may be extended by mutual agreement of the parties.

  • To the extent a particular Deliverable falls within this category and either party in good faith determines during or upon conclusion of the negotiations described in Section 9.3.4 that it is unable to reach agreement with the other party on the contents of the Deliverable, then such party may exercise its remedy in accordance with the Risk Events Matrix and this Agreement.